久久精品30_一本色道久久精品_激情综合视频_欧美日韩一区二区高清_好看的av在线不卡观看_国产自产精品_91久久黄色_午夜亚洲福利_欧美黄在线观看_国内自拍一区

The Agricultural Bank of China (ABC), the last of the nation's four leading commercial banks to go public, will have its capital increased by Central Huijin Investment Co. in the first half of this year as it moves towards a public listing.

 

Bank sources said Wednesday that Central Huijin will determine how much money to pump into the bank following an audit by experts from the National Audit Office. The audit result will probably be released in the first half of the year.

 

Founded in 2003, Central Huijin Investment is an investment company owned by the People's Bank of China, the central bank, which holds shares in the four leading commercial banks.

 

In 2005, Central Huijin injected US$60 billion into three of the "big four", namely the Industrial and Commercial Bank of China, China Construction Bank and Bank of China. The money came from the nation's huge foreign exchange reserves.

 

The bank sources said ABC's scheme for the joint-stock reform and IPO (initial public offering) has been hammered out. But the result of a pre-IPO audit is needed to make decisions on a capital injection and the selection of strategic investors. The audit will provide reliable financial data on which Central Huijin's cash injection can be based, the sources added.

 

Central Huijin will make a bigger investment in ABC than in the other three big commercial banks, an official with the company revealed on condition of anonymity.

 

Preparing ABC for listing -- improving the capital adequacy ratio and the balance sheet, and writing off non-performing loans -- will require an injection of about 900 billion yuan (US$115 billion).

 

The company official estimated that Central Huijin would contribute about US$25 to 30 billion.

 

(Xinhua News Agency February 1, 2007)